Future Ventures makes additional investment in Clarks Future

Future Ventures India (FVIL) has made an additional investment in footwear firm Clarks Future Footwear (CFFL) by subscribing to 20 lakh equity shares of Rs 10 each.

CFFL is a joint venture company (JVC) between UK based C&J International and FVIL each holding 50% of the paid-up share capital of CFFL.

CFFL is into the business of marketing and distribution of footwear of all types and ranges under the International brand name of ‘Clarks’ in India.

Future Ventures currently has 13 companies in its portfolio which own brands in fashion, FMCG, food processing and home products. The company invests in businesses which are strategically important to the group's retail business. It plans to use a large part of the funds for acquiring new businesses while a small part of the proceeds will be used to grow the existing businesses.